31 Jul 2012 18:01

Russian Eurobonds post gains following US Treasuries, spread largely unchanged

MOSCOW. July 31 (Interfax) - Quotations for Russian Eurobonds continued to move up on Tuesday owing to the continuing appetite for risk on the part of investors. In turn, US Treasuries also increased. As a result, spread on yields for base assets only narrowed by one basis point.

By 5:27 pm Moscow time, Russia-30 went up by 29 basis points to 125.24% with yield at 3.08%, down from 3.12% on Monday.

By the same time, benchmark UST-10 had gone up by 28 basis points to 102.5% with yield at 1.47%, down from 1.5% on Monday.

Therefore, spread between Russia-30 and UST-10 narrowed by one basis point to 161 basis points.